Wall Street fell sharply Thursday, with the Dow Jones industrial average down nearly 300 points, extending its weeks-long streak of volatility after disappointing home sales figures added to investors' increasing uneasiness about the mortgage and corporate lending markets.
Investors who had been able to shrug off concerns about subprime mortgage lending problems and a more difficult environment for corporate borrowing were clearly worried once again.
The economy is NOT fundamentally sound. A few people are getting rich, but at the expense of destablizing the entire system by making money roll uphill. Until the middle class begins seeing real gains, this sort of "volatility," which really means that those who manipulate the market drive it up temporarily and then cash in, leading to plummeting prices -- will continue.
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